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4 mentions found


☆ VCs are 'hedging their bets,' backing competing LLMs like Anthropic and OpenAI, breaking a long-standing venture taboo
  + stars: | 2024-10-26 | by ( Ben Bergman | Riddhi Kanetkar | ) www.businessinsider.com   time to read: +5 min
Venture firms are increasingly investing in competing LLM startups like OpenAI and xAI. Some VCs argue investing in multiple LLMs is strategic, while others see it as unethical. AdvertisementWhen venture firms pull out their checkbooks, there has traditionally been an unspoken rule: Do not back a competitor. Sound Ventures and Wisdom Ventures backed both OpenAI and Anthropic. There is also the matter of money, with only a handful of firms capable of writing the colossal checks required to fund LLM companies.
Persons: VCs, —, Joe Aaron, — Sheel, Andreessen Horowitz, Elon Musk's XAI, Ilya Sutskever, Umesh Padval, Padval, Anthropic, OpenAI, Gregg Hill, they've Organizations: Service, Sequoia Capital, Fidelity, Ark Invest, Sound Ventures, Wisdom Ventures, Thomvest Ventures, Parkway Venture, Madrona Ventures, NASDAQ Locations: OpenAI, Canadian
☆ The hottest AI startups are raising back-to-back funding rounds. Suddenly, it's feeling very 2021 in Silicon Valley for a chosen few.
  + stars: | 2024-09-20 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com   time to read: +11 min
Read previewIn February, Glean announced a $200 million funding round valuing the AI enterprise software startup at $2.2 billion. AdvertisementThe transaction is the latest in a string of dizzying back-to-back funding rounds at ever-higher valuations for a handful of AI startups that stand in stark contrast to the doldrums of the overall market for startups. Earlier this year, Sakana raised $30 million in a seed funding round led by Lux Capital. Slingshot AI, which has built an automated mental health counselor, also raised separate rounds of funding just months apart. Advertisement"VCs are increasingly faced with frequent requests from their hot AI companies to follow on or double down on investments," said Iris Sun, an investor at 500 Global.
Persons: —, Glean, Arvind Jain's inbox, Jain, Steve Brotman, Perplexity, SoftBank, Sakana, Gregg Hill, that's, Matt Murphy, Dario Amodei, Kimberly White, Murphy, I'd, I've, Jenny Chang, Rodriguez, Jai Das, Rajeev Dham, couldn't, Das, Sapphire, Uber, Iris Sun, Chandrasekar Organizations: Service, Business, DST Global, Alpha Partners, Bloomberg, Google, New Enterprise Associates, Khosla Ventures, Lux Capital, Parkway Venture Capital, Menlo Ventures, Getty, Sapphire Ventures, Investments Locations: Tokyo
☆ Humanoid robot startup Figure AI valued at $2.6 billion as Bezos, OpenAI, Nvidia join funding
  + stars: | 2024-02-29 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com   time to read: +3 min
Founded in 2022, Figure AI has developed a general-purpose robot, called Figure 01, that looks and moves like a human. Figure's ultimate aim is for Figure 01 to be able to perform "everyday tasks autonomously." Tesla is also trying to build a humanoid robot, called Optimus, while robotics company Boston Dynamics has developed several models. Norwegian humanoid robot startup 1X Technologies recently raised $100 million with backing from OpenAI. WATCH: Tesla CEO Musk said it's more important to develop humanoid robot than new cars
Persons: Jeff Bezos, Tesla, Goldman Sachs, Tom Andersson, Andersson, OpenAI, Goldman, they've, Musk Organizations: Nvidia, Microsoft, Innovation Fund, Robotics, Boston Dynamics, OpenAI, Goldman, STIQ Ltd, Intel, Ventures, Parkway Venture Capital Locations: Norwegian
☆ ‘It is the hot spot': Artificial intelligence company moving from Miami to SF
  + stars: | 2023-09-19 | by ( Scott Budman | ) www.cnbc.com   time to read: +1 min
An artificial intelligence company has announced it is moving from Miami to San Francisco. "Building a startup, Silicon Valley is always in the back of your mind as a dream," Andi CEO Angela Hoover said. More from NBC Bay Area:Hoover is moving her generative AI search company to San Francisco. Hoover's company has already pulled in more than $2 million in VC funding and has signed a lease in San Francisco. "San Francisco is the beating heart of AI," Hoover said.
Persons: Andi, Angela Hoover, Hoover, Jesse Coors, Blankenship, It's Organizations: San, NBC Bay, Parkway Venture Capital Locations: Miami, San Francisco, Francisco, Bay, Silicon
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